The Income Tax (Interest Relief) (Qualifying Lenders) Order 1990

• Citation: S.I. 1990/1298
• Sections: 6

Section 1

This Order may be cited as the Income Tax (Interest Relief) (Qualifying Lenders) Order 1990.

Section 2

The bodies named in article 3 below are prescribed for the purposes of section 376 of the Income and Corporation Taxes Act 1988 and shall become qualifying lenders with effect from the dates and in respect of the loans specified in the following paragraphs—

(a) with effect from the thirtieth day after the making of this Order, in relation to new loans (that is loans which are made on or after that day);

(b) with effect from the making of this Order, in relation to transferred loans (that is loans transferred from another qualifying lender on or after the making of this Order the interest on which is at the time of transfer relevant loan interest payable by a qualifying borrower);

(c) with effect from the 6th April 1991, in relation to other loans made by the body concerned before the thirtieth day after the making of this Order.

Section 3

The following are the bodies referred to in article 2 above—

Alnery No 963 Limited

Alnery No 964 Limited

Alnery No 965 Limited

Alnery No 966 Limited

American Express Financial Services Limited

Barclays Mercantile Business Finance Limited

Bayerische Vereinsbank Aktiengesellschaft

Burley Mortgage Finance Limited

Collateralised Mortgage Securities (No 11) Limited

Collateralised Mortgage Securities (No 12) Limited

Collateralised Mortgage Securities (No 13) Limited

Headrow Home Loans Limited

HMC Mortgage Notes 10 PLC

Leeds and Holbeck Mortgage Funding Limited

Leo Mortgages LimitedLeo 1 Limited

Leo 2 Limited

Padglade PLC

Padsfield PLC

Samuel Montagu & Co Limited

Secondary Marketing Investment Conduit ( No. 1) Limited

Secondary Marketing Investment Conduit (No. 2) Limited

Secondary Marketing Investment Conduit (No. 3) Limited

Secondary Marketing Investment Conduit (No. 4) Limited

Tenmarsh Limited

The M.I. Mortgage Company Limited

TMC Mortgage Securities No. 21 PLC

TMC Mortgage Securities No. 22 PLC

Twincable PLC

Twinmills PLC

Twinsteeple PLC

Woolwich Loan Services Limited

Yorkshire Key Services Limited

Section 4

Article 2 of the Income Tax (Interest Relief) (Qualifying Lenders) Order 1983 shall be amended by omitting the words—

Shanghai Commercial Bank Limited

Section 5

Article 3 of the Income Tax (Interest Relief) (Qualifying Lenders) (No. 3) Order 1986 shall be amended by omitting the words—

Featurechase Limited

Section 6

Article 3 of the Income Tax (Interest Relief) (Qualifying Lenders) Order 1988 shall be amended by omitting the words—

NM Home Loans No. 3 Limited

NM Home Loans No. 4 Limited

NM Home Loans No. 5 Limited